A. Accounting Principles Board (APB) B. Marketable securities C. Relevance D. Finished goods E. Credit agreement F. Selling expenses G. Liquidity . I Financial Accounting Standards Board (FASB) J. Inventories K Retained earnings L Prepaid M. Generally accepted accounting principles (GAAP) N. Warranty obligations 0. Temporary accounts P. Copyright Q. Permanent accounts R. Reliability S. Administrative expense T. Accumulated depreciation 1. Qualitative characteristic requiring that accounting information bear directly on the economic decision for which it is to be used; one of the primary qualitative characteristics of accounting information. _2. The undistributed earnings of a corporation consisting of the net income for all past periods minus the dividends that have been declared. 3. Accounts closed at the end of an accounting period; includes all income statement accounts and the dividends account. 4. Expense that results from the general administration of the company's operation. 5. Qualitative characteristic requiring that accounting information be faithful to the original data and that it be neutral and verifiable, one of the primary qualitative characteristics of accounting information 6. A manufacturer's inventory that is complete and ready for sale. 7. A contractual arrangement between a lender and a borrower that sets the terms and conditions for borrowing 8. The nearness to cash of the assets and liabilities. 9. All balance sheet accounts. 10.A body that has responsibility for developing and issuing rules on accounting practice in the United States (www.fasb.org). 11. Result from the company's efforts to create sales. 12.Ownership and debt instruments of the government and other companies that can be readily converted into cash. 13.Estimated obligations arising out of product warranties. 14. Depreciation allocates the cost of buildings and machinery over the periods of benefits. The depreciation expense taken each period accumulates in the Accumulated Depreciation account. 15. An expenditure made in advance of the use of the service or goods. 16. An exclusive right granted by the federal government to publish and sell literary, musical, and other artistic materials. 17. A board established by the AICPA that issued opinions establishing accounting standards during the period 1959-1973 18.American Institute of Certified Public Accountants. 19. Accounting principles that have substantial authoritative support. 20. The balance of goods on hand